Rate of exchange
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 June 2011
We are the company importing goods from abroad. Now for the purpose of calculating foreign exchange loss/ profit, rate of exhange to be considred is whether as announced by CBDT for custom duty valuation purpose or as announced by RBI.
Kumar Babu.G
(Expert)
16 June 2011
Rate of Exchange announced by CBDT for Customs Duty has to be considered.
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